County market report · FIPS 27147
Steele County, MN
Owatonna, MN · Population 36,596 (Census V2020 est.)
Typical value
$293,327
Sep 2026
1M
-0.2%
3M
-0.5%
12M
+2.1%
5Y
+23.2%
10Y
+85.8%
From peak
-0.5%
Peak $294,806 · May 2026
Rank US / state
1825 / 72
by 12M change
Zillow Home Value Index
Source: Zillow Home Value Index (ZHVI), all homes, smoothed & seasonally adjusted · data through Sep 2026.
Inflection signal
Price-OnlyB · Early Warning
r3-0.46%p3+0.25%Acceleration-0.71ppMonths persisting3Evidence (Price-Only)74/100
Inventory, sales & days on market — Phase 2
Supply and demand confirmation is not yet available.
Yearly values (December)
| Year | ZHVI (Dec) | YoY change |
|---|---|---|
| 2025 | $291,318 | +3.6% |
| 2024 | $281,156 | +5.4% |
| 2023 | $266,667 | +4.5% |
| 2022 | $255,152 | +5.2% |
| 2021 | $242,445 | +15.6% |
| 2020 | $209,816 | +9.9% |
| 2019 | $190,911 | +5.5% |
| 2018 | $180,976 | +6.0% |
| 2017 | $170,768 | +5.7% |
| 2016 | $161,619 | +7.0% |
| 2015 | $151,115 | +4.1% |
| 2014 | $145,105 | +3.7% |
| 2013 | $139,903 | +4.8% |
| 2012 | $133,437 | +3.0% |
| 2011 | $129,536 | -3.8% |
| 2010 | $134,591 | -2.1% |
| 2009 | $137,499 | — |